Back in April, we reported that filmmaker Zak Penn helped lead an expedition to the New Mexico desert to unearth hundreds of unsold E.T. the Extra-Terrestrial video game cartridges that were buried decades ago in a landfill. That journey is chronicled in the first trailer for the upcoming documentary Atari: Game Over.

Zak Penn directs this film that explores the meteoric rise of video game pioneer Atari, and their colossal failure that was the E.T. video game, which was rushed into production to be available for purchase by Christmas time, after spending a massive $21 million for the rights. The game is widely considered to be the worst of all time, selling just 1.5 million copies, leading to the urban legend that Atari literally buried 14 dump trucks of E.T. cartridges in an Alamogordo, New Mexico landfill in 1983, the remains of which were dug up just a few months ago. Take a look at the first footage from this documentary, debuting on XBox sometime this fall.

Atari: Game Over explores the fabled Atari mystery, dubbed "The Great Video Game Burial of 1983." As the legend goes, the Atari Corporation, faced with overwhelmingly negative response to the E.T. video game, disposed of millions of unsold game cartridges by burying them in the small town of Alamogordo, New Mexico. Fuel Entertainment took an interest in the legend, and in December 2013, with help from local garbage contractor Joe Lewandowski, acquired the exclusive rights to excavate the Alamogordo landfill. Fuel Entertainment then brought the opportunity to Xbox Entertainment Studios. The team will head to the landfill in question to determine if the story is true, interviewing a cast of characters related to the game and its mystery along the way.

The story centers on a young teenager named Wade Watts, who escapes into an immersive online virtual world known as Oasis, described as a "social networking utopia that allows its users to lead their dream life." Before the game's creator passes away, he sets up an elaborate treasure hunt where the winner will take control of his company. When Wade enters the contest, he finds himself competing against corporate forces who will stop at nothing to control the company. Donald De Line and Dan Farah are producing.

Ernest Cline novel, which was published by Random House, spawned a bidding war between Paramount, 20th Century Fox and Warner Bros., which Warner Bros. eventually won. Ernest Cline wrote the original script on spec, with Eric Eason (A Better Life) also providing a rewrite.

Zak Penn has been tasked with getting the script ready so the studio can take the project to directors this fall. A number of high-profile filmmakers have already expressed interest in the project, especially after Facebook's $2 billion acquisition of Oculus. Zak Penn and Ernest Cline recently developed a friendship after collaborating to excavate a New Mexico burial site where Atari buried several copies of its E.T. the Extra-Terrestrial video game cartridges.

Zak Penn recently signed on to write the Pacific Rim 2 script with director Guillermo del Toro. His other writing credits include Marvel's The Avengers, The Incredible Hulk, X-Men: The Last Stand, The Grand and Elektra.

Back in October, we reported that director Guillermo del Toro is working on the Pacific Rim 2 script with original Pacific Rim writer Travis Beacham, although that isn't quite the case anymore. During a recent interview for his upcoming FX TV series The Strain, Guillermo del Toro revealed he is now writing the script with Zak Penn (Marvel's The Avengers, The Incredible Hulk). Here's what the writer-director had to say, revealing that Travis Beacham is no longer involved due to his new TV series Hieroglyph getting picked up at Fox.

"I'm working very, very hard with Zak Penn. We've been working for a few months now in secret. We found a way to twist it around. Travis Beacham [co-writer of the first film, now working on Fox's Hieroglyph] was involved in the storyline and now I'm writing with Zak because Travis has become a TV mogul."

The director also said that, while Legendary Pictures has not given the official green light for the sequel, he's writing the script in hopes that it will move forward.

"I don't have the money, but I'm proceeding like it is happening."

Back in December, Pacific Rim star Max Martini hinted that Pacific Rim 2 may actually be a prequel. Guillermo del Toro confirmed that it is in fact a sequel that will follow the events of the first movie, with Raleigh Beckett (Charlie Hunnam) and Mako Mori (Rinko Kikuchi) set to return.

"Some people were wondering if we were going to do the prequel. I was never interested in doing that first wave of invasion. I'm going for very new, very crazy ideas on the second one, which are very different from the first one - but you will get really great spectacle."

Pacific Rim only pulled in $101.8 million domestically, but it fared much better overseas, with a worldwide total of $411 million, $111.9 million of which came from China alone.

No plot details were given for the sequel, although it is believed that The Karate Kid stars Jaden Smith and Jackie Chan will reprise their roles. No deals are in place as of yet for both stars.

The Karate Kid remake centered on Jaden Smith's character, Dre, who moves to China with his mother (Taraji P. Henson). He forms a bond with the maintenance man, Mr. Han (Jackie Chan), who teaches him kung fu.

Will Smith will produce The Karate Kid 2 with his Overbrook Entertainment partners James Lassiter, Ken Stovitz, and Jada Pinkett Smith. No production schedule was given for The Karate Kid 2, and it isn't known if The Karate Kid director Harald Zwart will return.

The Karate Kid took in an impressive $55.9 million in its opening weekend in June 2010, en route to $359 million worldwide.